Africa 

Hunger still rising across East Africa, says new UN-backed report

Issued by the region’s Inter-Governmental Authority on Development, the IGAD Regional Focus on Food Crises report sounds the alarm over escalating food insecurity and malnutrition in Ethiopia, Kenya, Somalia, South Sudan, and Sudan. “The current food security situation across the Horn of Africa is dire after four consecutive rainy seasons have failed, a climatic event not seen in at least 40 years,… Read More
Africa Investments 

African Development Bank Group President strengthens partnership with Morocco

African Development Bank Group President Akinwumi Adesina completed a four-day official visit to Morocco today. Meeting with Prime Minister Aziz Akhannouch in Marrakech on Thursday, Adesina, spoke of the “excellent relationship between Morocco and the African Development Bank.” “The Kingdom of Morocco is an extremely valued partner of the Bank, with a large portfolio of top-tier operations,” Adesina said. Adesina… Read More
Africa Investments 

Angola: African Development Bank EDs visit highlights country’s progress in stabilising public finances, stimulating economic diversification

The African Development Bank’s Executive Director for Angola, Namibia, Zimbabwe and Mozambique has ended an official visit to Angola, noting  progress in the oil-rich nation’s reforms to stabilise and diversify the economy. During the visit which took place from 20 -21 July 2022, Dr. Judith Kateera engaged with government officials, visited projects and took stock of the African Development Bank’s… Read More
Africa 

Africa’s top public health body gets $100 Million from the World Bank to strengthen preparedness

The World Bank announced Thursday it will support a program by Africa’s main public health body, the Africa Centres for Disease Control and Prevention (Africa CDC). Africa CDC will receive $100 million from the international body in its mission to help and accompany nations on the continent in their fights to providing better health services. The World Bank has approved… Read More
Africa 

South Africa’s central bank hikes repo rate to 5.5%

**South Africa’s central bank raised its benchmark interest rate by 75 basis points to 5.5 percent on Thursday — the steepest hike in a decade.** The South African Reserve Bank’s Monetary Policy Commitee announced Thursday its members have agreed on an “increase to the repurchase rate by 75 basis points to 5.50% per year, with effect from the 22nd of July 2022.“… Read More
Africa 

UNHCR alarmed by growing death toll among displaced in eastern DR Congo

“This month, simultaneous attacks by armed groups in Ituri Province have left 11 people dead and 250 homes looted and burned. Between February and June this year, UNHCR and partners recorded over 800 deaths from firearm attacks and machete raids on local communities in Ituri,” reported UNHCR spokesperson Matthew Saltmarsh, briefing journalists in Geneva. Brutal attacks in eastern DR Congo… Read More
Africa Investments 

With a sevenfold budget increase, the Urban and Municipal Development Fund spearheads action for African cities

On Thursday 7 and Friday 8 July 2022, partners and donors of the African Development Bank’s Urban and Municipal Development Fund (UMDF) met in Brussels at a meeting hosted by the Wallonia Export and Investment Agency. At this annual meeting, the oversight committee examined the UMDF’s results and strategy and how to mobilize new funding to support African cities. The… Read More
Africa Investments 

Sady Mwang'onda, Agro Dealer

In Njombe and other Southern highland regions in Tanzania, one of the difficulties faced by farmers and agro-dealers is having enough fertilizers to adequately meet their farming needs. Agro-dealer Sady Mwang’onda knows far too well these challenges. As much as he and other agro-dealers would want to supply farmers with more fertilizers, they are challenged by various constraints. “We reached… Read More
Africa 

Ivorian president on a state visit to South Africa to discuss trade

Ivorian President Alassane Ouattara was received this Friday by his counterpart Cyril Ramaphosa in Pretoria, South Africa. The visit is the second stage of bilateral talks between the two heads of state. A joint commission established in 2015 has signed nine memorandums of understanding in various sectors. Total trade between the two countries has increased from R1.3 billion in 2019… Read More
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